{"id":4202,"date":"2022-05-13T19:17:27","date_gmt":"2022-05-13T19:17:27","guid":{"rendered":"http:\/\/localtalkweekly.com\/?p=4202"},"modified":"2022-05-13T19:17:30","modified_gmt":"2022-05-13T19:17:30","slug":"biden-speaks-on-inflation","status":"publish","type":"post","link":"https:\/\/localtalkweekly.com\/index.php\/2022\/05\/13\/biden-speaks-on-inflation\/","title":{"rendered":"BIDEN SPEAKS ON INFLATION"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>WORLD NEWS FLASH<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>UNITED STATES<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On May 10, President Joseph R. Biden gave remarks on the economic crunch that is gripping the nation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Commander-in-Chief spoke from the White House to announce why inflation was happening, and what he would be doing about it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThere are two leading causes of inflation we\u2019re seeing today.&nbsp; The first cause of inflation is a once-in-a-century pandemic,\u201d Biden said. \u201cNot only did it shut down our global economy, it threw the supply chain and demand completely out of whack, especially in countries where more effective recovery responses weren\u2019t available, especially in those sectors that rely on semiconductors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThese supply challenges have been further hampered by the onset of Delta and Omicron viruses. And you\u2019ve all seen it and you\u2019ve all felt it.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAnd this year we have a second cause &#8211; Mr. Putin\u2019s war in Ukraine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cYou saw &#8211; we saw in March that 60 percent of inflation that month was due to price increases at the pump for gasoline.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cPutin\u2019s war has raised food prices as well, because Ukraine and Russia are two of the world\u2019s major breadbaskets for wheat and corn are, essentially, completely stalled.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cUkraine has 20 million tons of grain in storage in silos right now. They\u2019re trying to figure out how to get it out of the country to market, which would reduce prices around the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cNormally, we\u2019d have already begun to export them into the market. But it hasn\u2019t because of Putin\u2019s invasion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSo we\u2019re working with our European partners to get this food out into the world so that it could help bring down prices. But it\u2019s difficult because, again, of Putin and the Russian invasion of Ukraine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAnd those two major contributors to inflation are both global in nature. That\u2019s why we\u2019re seeing historic inflation in countries all over the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cBut here\u2019s the good news: Because of the actions we\u2019ve taken, America is in a stronger position to meet this challenge than just about any other country in the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSome of the roots of the inflation are outside of our control, to state the obvious. But there are things we can do, and we can address, and we need to do.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThat starts with the Federal Reserve, which plays a primary role in fighting inflation in our country. I\u2019ve put forward a highly qualified nominees to lead that institution. And I strongly urge the Senate confirm them without delay.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cThe Fed has dual responsibilities. First is achieving maximum employment, and second is stable prices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAnd while I\u2019ll never interfere with the Fed\u2019s judgments, decisions, or tell them what they have to do &#8211; they\u2019re independent &#8211; I believe that inflation is our top economic challenge right now, and I think they do too.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe\u2019ve built a strong economy with a strong job market. And I agree with what Chairman Powell said last week that the number-one threat is the strength &#8211; and that strength that we built is inflation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cSo the Fed should do its job and it will do its job, I\u2019m convinced, with that in mind.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>EUROPE<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>UKRAINE HIT BY CYBERATTACK<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Russia has been behind a series of cyber-attacks since the start of the renewed invasion of Ukraine, the EU, UK, US and other allies have announced May 10. The most recent attack on communications company Viasat in Ukraine had a wider impact across the continent, disrupting wind farms and internet users in central Europe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK\u2019s National Cyber Security Centre (NCSC) assesses that the Russian Military Intelligence was almost certainly involved in the Jan. 13 defacements of Ukrainian government websites and the deployment of Whispergate destructive malware. The NCSC also assesses that it is almost certain Russia was responsible for the subsequent cyber-attack impacting Viasat on Feb. 24.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On Feb. 24, a cyber-attack against Viasat began approximately 1 hour before Russia launched its major invasion of Ukraine. Although the primary target is believed to have been the Ukrainian military, other customers were affected, including personal and commercial internet users. Wind farms in central Europe and internet users were also affected.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Viasat has said that \u201ctens of thousands of terminals have been damaged, made inoperable and cannot be repaired.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Foreign Secretary Liz Truss said, \u201cThis is clear and shocking evidence of a deliberate and malicious attack by Russia against Ukraine which had significant consequences on ordinary people and businesses in Ukraine and across Europe.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe will continue to call out Russia\u2019s malign behavior and unprovoked aggression across land, sea and cyberspace, and ensure it faces severe consequences.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The announcement comes as cyber security leaders from the 5 Eyes, EU and international allies meet at the NCSC\u2019s Cyber UK conference in Newport to discuss the cyber threats facing the world.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The UK has already sanctioned the GRU after their appalling actions in Salisbury, and has frozen more than \u00a3940 billion worth of bank assets and \u00a3117 billion in personal net worth from oligarchs and their family members who fund Putin\u2019s war machine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><u>CARIBBEAN<\/u><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ANOTHER CHARGED IN ASSASSINATION PLOT<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A Haitian citizen was extradited from Jamaica to the United States on Friday to face criminal charges in the Southern District of Florida related to his alleged involvement in the assassination of the former President of Haiti, Jovenel Mo\u00efse, on July 7, 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Joseph Joel John, 51, made his initial court appearance before U.S. Magistrate Judge Lauren Louis, who sits in Miami.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">John is charged with conspiring to commit murder or kidnapping outside the United States and providing material support resulting in death, knowing or intending that such material support would be used to prepare for or carry out the conspiracy to kill or kidnap. John is the third individual to be charged and arrested in the United States for his role in the assassination plot. The other men charged are Mario Antonio Palacios, 43, and Rodolphe Jaar, 49, who were both arrested earlier this year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As alleged in the complaint, which was unsealed today, John and others &#8211; including approximately 20 Colombian citizens and a number of dual Haitian-American citizens &#8211; participated in a plot to kidnap or kill the Haitian President. As alleged, John was present when a co-conspirator (Co-Conspirator #1) secured the signature of a former Haitian judge on a written request for assistance to further the arrest and imprisonment of President Mo\u00efse, as well as purporting to provide Haitian immunity for such actions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the complaint, on June 28, 2021, Co-Conspirator #1, a dual Haitian-American citizen, traveled from Haiti to the United States in furtherance of the conspiracy and provided other individuals with the document, and flew from Florida back to Haiti on July 1, 2021, to participate in the operation against the president.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As alleged in the complaint, while the plot initially focused on conducting a kidnapping of the Haitian President as part of a purported arrest operation, it ultimately resulted in a plot to kill the President. The complaint alleges that on July 7, 2021, various co-conspirators entered President Mo\u00efse\u2019s residence in Haiti with the intent and purpose of killing him, and in fact the President was killed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As alleged in the complaint, John helped to obtain vehicles and attempted to obtain firearms to support the operation against the president. It is also alleged that John attended a meeting with certain co-conspirators on or about July 6, 2021, after which many of the co-conspirators embarked on the mission to kill President Mo\u00efse.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Co-conspirator #1 was subsequently arrested by Haitian authorities and remains in custody in Haiti. John was arrested in Jamaica pursuant to the United States\u2019 provisional arrest request to the Government of Jamaica for John\u2019s extradition. On April 28, the Minister of Justice of Jamaica signed the order granting the extradition request, resulting in John\u2019s arrival in Miami last week. John is currently in the custody of U.S. law enforcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If convicted of the charges in the complaint, John faces a maximum sentence of life imprisonment. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Assistant Attorney General Matthew G. Olsen of the Justice Department\u2019s National Security Division, U.S. Attorney Juan Antonio Gonzalez for the Southern District of Florida and Special Agent in Charge George Piro of the FBI\u2019s Miami Field Office made the announcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The FBI is investigating the case with other law enforcement partners, with valuable assistance provided by HSI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Assistant U.S. Attorneys Andrea Goldbarg and Walter Norkin for the Southern District of Florida are prosecuting the case, with assistance from National Security Division Trial Attorneys Frank Russo, Jessica Fender and Emma Ellenrieder. The Justice Department\u2019s Office of International Affairs provided valuable assistance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A criminal complaint is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WORLD NEWS FLASH UNITED STATES On May 10, President Joseph R. Biden gave remarks on the economic crunch that is gripping the nation. The Commander-in-Chief spoke from the White House to announce why inflation was happening, and what he would be doing about it. \u201cThere are two leading causes of inflation we\u2019re seeing today.&nbsp; The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,50],"tags":[],"class_list":["post-4202","post","type-post","status-publish","format-standard","hentry","category-topstories","category-us-world-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BIDEN SPEAKS ON INFLATION -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/localtalkweekly.com\/index.php\/2022\/05\/13\/biden-speaks-on-inflation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BIDEN SPEAKS ON INFLATION -\" \/>\n<meta property=\"og:description\" content=\"WORLD NEWS FLASH UNITED STATES On May 10, President Joseph R. 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